Thursday, June 2, 2016

CEVA Bolsters Technology Sector Expertise

Hoofddorp, the Netherlands, 1 June 2016 – CEVA Logistics, one of the world’s leading supply chain management companies, has appointed Ching Guo to the position of Senior Vice President Global Contract Logistics – Technology Operations. He will be based in Seattle, USA reporting to Chief Operating Officer Contract Logistics, Brett Bissell.

Guo’s new role will be multifunctional and global with a specific focus on maintaining and improving process excellence and performance across CEVA’s technology operations to improve customer satisfaction and service levels. One of his first priorities will be to define the standardization strategy for current operations in order to drive the continuous improvement program using the company’s KPI database. He will work alongside Solution Design teams to develop more robust globally consistent solutions for customers.

He will also work closely with the business development team to grow new opportunities across the Technology sector with the aim of establishing CEVA as the clear industry leader in this arena. Guo joins CEVA from Alibaba where he co-founded the “Village Taobao” business for the development of online product information, digital payment and last mile logistics. “I am delighted to welcome someone with such extensive and diversified experience as Ching to our team,” says Chief Operating Officer Contract Logistics, Brett Bissell. “His expertise in the management of supply chains and logistics within the hi-tech sector will be invaluable as we strive to continue to produce above market growth rates in our Technology business”.

Guo holds a Master of Science degree in Computer Science from Vanderbilt in Nashville, USA and a Master of Science in Engineering Management from The Massachusetts Institute of Technology (MIT), USA.

CEVA:

CEVA Logistics, one of the world’s leading non-asset based supply-chain management companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 41,000 employees in more than 160 countries are dedicated to delivering effective and robust supply-chain solutions across a variety of sectors where CEVA applies its operational expertise to provide best-in-class services across its integrated network. For more information, please visit www.cevalogistics.com.

SAFE HARBOR STATEMENT:

This news release may contain forward-looking statements. These statements include, but are not limited to, discussions regarding industry outlook, the Company’s expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2016 and beyond, and the other non-historical statements. These statements can be identified by the use of words such as “believes” “anticipates,” “expects,” “intends,” “plans,” “continues,” “estimates,” “predicts,” “projects,” “forecasts,” and similar expressions. All forward-looking statements are based on management’s current expectations and beliefs only as of the date of this press release and, in addition to the assumptions specifically mentioned in the above paragraphs, there are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the effect of local and national economic, credit and capital market conditions, a downturn in the industries in which we operate (including the automotive industry and the airfreight business), risks associated with the Company’s global operations, fluctuations and increases in fuel prices, the Company’s substantial indebtedness, restrictions contained in its debt agreements and risks that it will be unable to compete effectively. Further information concerning the Company and its business, including factors that potentially could materially affect the Company’s financial results, is contained in the Company’s annual and quarterly reports, available on the Company’s website, which investors are strongly encouraged to review. Should one or more of these risks or uncertainties materialize or the consequences of such a development worsen, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.